The pound rallied significantly last week against all the major pairs, and is up over 5% in September. This raises the question, with so much uncertainty still remaining around Brexit, how much further can this go?
The pound has been everyone’s favourite currency to short for nearly 2 years now, so we may have finally run out of sellers and be ready for a short squeeze. We are currently around 1 year highs, at levels not seen since the day of the Brexit vote which will be a significant psychological barrier but, if broken, opens up significant upside.
Watch the video for my full analysis and where I think this is going.